Thought I would pick up India going forward. I do have an e-audience out there. Moreover,
a couple of kids from India are in our local NFL betting pool. Thirdly, the Sensex stock index
is moving directionally with the US stock market, but with more brio. $BSE chart.
The $BSE is in a powerful cyclical bull market. It too has entered a second upleg phase and
recently touched its prior all time high before running into resistance and news of a juicy
scandal that runs up high politically. Hope my timing is good, given that the market is coming
off a strong overbought and is headed down to a sharp oversold, and, perhaps, a rendezvous
with obvious support at 18K.
My plan here is to start on the technical side of the market and gradually move along to the
fundamentals. Should be fun.
- Peter Richardson
- Retired chief investment officer and former NYSE firm partner with 50 plus years experience in field as analyst / economist, portfolio manager / trader, and CIO who has superb track record with multi $billion equities and fixed income portfolios. Advanced degrees, CFA. Having done much professional writing as a young guy, I now have a cryptic style. 40 years down on and around The Street confirms: CAVEAT EMPTOR IN SPADES !!!